Wednesday, May 7, 2025
Shell’s new solar farm to help power a natural gas plant in Australia- oil and gas 360

Shell’s new solar farm to help power a natural gas plant in Australia

CNBC Shell Australia is set to construct and operate a solar farm made up of around 400,000 photovoltaic panels in the state of Queensland. In an announcement Friday, Shell Australia described the facility as its “first large-scale solar farm” and said it would have a capacity of 120 megawatts. Work on the project is set to finish in 2021, with

Canada readies aid for Alberta as deadline for massive oil sands project nears: sources- oil and gas 360

Canada readies aid for Alberta as deadline for massive oil sands project nears: sources

Reuters OTTAWA (Reuters) – Canada is preparing an aid package for Alberta, heart of the country’s struggling oil industry, that would help dull the pain if it blocks an oil sands project that could create thousands of jobs, sources familiar with the matter said this week. Ottawa must decide by end-February if Teck Resources Ltd can build the C$20.6 billion

U.S. rig count had an increase of 1 this week, at 255- oil and gas 360

U.S. rig count has no change this week, stays at 790

This week’s Baker Hughes rig count shows that U.S. had no change over last week, resulting in a total count of 790 rigs. Canada had an increase of 10 over last week, resulting in a total Canadian count of 257 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Ardmore Woodford region saw an increase this

Russia says it needs more time to decide on any OPEC oil output cut- oil and gas 360

Russia says it needs more time to decide on any OPEC oil output cut

Reuters MINERALNYE VODY, Russia – Russia said on Friday it needed more time to decide whether to join any additional oil output cut by OPEC, saying U.S. crude production growth would slow and global demand remained solid. Energy Minister Alexander Novak was speaking as the Organization of the Petroleum Exporting Countries has been pushing Moscow to decide whether to deepen

Trump administration moves ahead on shrinking Utah monuments- oil and gas 360

Trump administration moves ahead on shrinking Utah monuments

Houston Chronicle SALT LAKE CITY (AP) — The U.S. government implemented final management plans Thursday for two national monuments in Utah that President Donald Trump downsized more than two years ago that ensure lands previously off-limits to energy development will be open to mining and drilling despite pending lawsuits. The lands have generated little interest from energy companies in the

Free-falling LNG prices wreak havoc on trade amid coronavirus fears- oil and gas 360

Free-falling LNG prices wreak havoc on trade amid coronavirus fears

Reuters SINGAPORE – Record low prices for liquefied natural gas (LNG) are roiling the global gas market, creating havoc as traders rush to find alternative locations for cargoes with Chinese buyers rejecting shipments amidst the coronavirus epidemic. Asian spot prices for LNG have already tumbled to troughs of $3 per million British thermal units (mmBtu) – less than half of